Monday, November 16, 2009

Is Your Business Where You Want It To Be?

The past 12 months have been tough times for many agents across North America and beyond. Yet, not every real estate agent has struggled. Some agents have maintained their consistent sales pace from previous years, while others have exploded.
How can there be such a wide gap between the struggling agents and the top-profiting agents?
Part of it comes down to the fact that the top-profiting agents take charge of their business. They have the necessary skills (or take time out to learn and implement those skills) to survive and even thrive in the current market.
The real estate market is in constant fluctuation. By continuing to apply marketing and advertising strategies that worked in the past, your business will only stand still. Successful agents who go back to doing the basics and add some new and innovative strategies will fly by you.
There are still some tried and true methods that will keep on working today, but you have to be focused on how the younger generations communicate and want to serviced. There are fundamental differences between the baby-boomer generation and Gen X'ers and Gen Y'ers. The technology explosion has left some agents way behind and they'll never catch up.
You must constantly be in learning mode. Reading books, viewing online articles and attending seminars are a few of the ways to improve your business. Then as you learn, you need to apply what you've learned. You must take at least 30 minutes of every day to learn and apply something new.
Some agents think they know it all and don't need to keep learning. I hope you're not one of them. I believe that constant and never-ending learning from the successes and failures of other top-profiting agents will shorten my learning curve by years.
What you need to strive towards in your real estate business is buidling a predictable, duplicatable business plan that will be your road map for achieving your goals. If you stay the course and consistently do the numbers in your plan, you will achieve success in your real estate business. Don't fool yourself though...you have to do the numbers. Your results will be measured by your numbers!
Will you make mistakes and fail sometimes? YES! If you never failed, you won't go very far in life! Fail your way to the top! It's been said that failure just means your idea didn't work this time and now you just need to find another way to make it work.
Do you really want to know the difference between you and someone earning $100,000 or more per year?
Successful agents are willing to do what other agents are not willing to do on a consistent basis. They do the simple, repeatable, basic tasks over and over and over again. They follow their business plan...they tweak it when necessary...they focus on their strengths and delegate their weaknesses to other who are more proficient in those areas.
Do you want 2010 to be your best year ever? I know it sounds cliche, but you CAN do it. IF you commit to a plan, focus on it today...complete your daily activities (as hard as they may be until you get better at doing them)...review your results...make corrections...and do it all again tomorrow, you WILL achieve your goals!

2 comments:

Dagny Eason said...

I am so glad to see that you are back, Dan. Hope all is well with you. You were gone quite a while.

I have just signed up with a coach, and he is basically saying, call, call, call.

I also joined a BNI, and will give that a good shot. Seems like a really nice eager hard working group. My coach was cool on this idea of BNI. What's your take on it? Do you feel it's too distracting for what you get out of it, or can it be awesome?

I sure would love your input, and hope that you are healthy.

I enjoy reading your posts every week...
Thanks,
Dagny Eason

Dan Weis said...

Hi Dagny,

Thanks for asking...all is well!
I'm glad to be back writing.

With the right group of people, BNI can be a great source of leads. I would look at the other members to see if their professions and contacts can provide you with real estate referrals. There is sometimes a "getting to know and trust you" period before you'd get referrals, but set a personal deadline to see how it pans out for you. Remember, the more you recommend others, the more they will hopefully recommend you. Do your part to help others in the group learn how to generate referrals. You may need to help train them on who is the ideal client for your business.

By the way, please share my web site: www.AgentSuccessTips.com with other agents in your area that may need some encouragement.
There's always enough business out there for those of us who are professional and work smarter.

To your success,

Dan